AMA Recap Crypto Library with BitCrush Arcade

                                             

On 29th May 2021, BitCrush Arcade conducted an AMA in the Crypto Library Community. Our guest is Master Blaster. Lots of questions as usual from the Community about Bitcrush Arcade progress. The Bitcrush Arcade team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into Bitcrush Arcade.            

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Master Blaster (BitCrush Arcade) : You guys can call me Master Blaster, and I'm the one steering this whole ship. It's a project I love that was incepted way back in Q2 2019, and have been steadily progressing on over time So to finaally be as this stage is so exciting for me and everyone thats been along on the ride so far I'm stoked you guys have welcomed me into your community. It feels great to be here.
FIRST SEGMENT (HOST)
Crypto Library Team : What is BitCrush? and How does it work?

Master Blaster (BitCrush Arcade) : First of all I want to say thanks to the Crypto Library team for hosting this AMA, I’m really excited to be here. Also thanks to everyone here for showing up, it really means a lot. Bitcrush Arcade is introducing a new hybrid system of casino games launching on BSC, and expanding to Polygon and Eth and others down the road. We’re calling it a hybrid system for a few reasons. First of all we’re integrating Defi concepts into iGaming. One important distinction to make, is that we are a Defi platform launching casino games as our first use case, not a crypto casino integrating BSC payments. Being active in Defi for some time now we’ve seen some projects attempt to give their token use case by adding games. The issue is that blockchain and casino functionality are kind of at odds. (no pun intended haha) While blockchain based games are trustless and can provide a more fair experience (albeit not fully decentralized), they’re slow and expensive and provide kind of a lame gaming experience. I don’t know if you’ve ever noticed how decentralized casino games are just kind of a bit “different” than traditional casino games. Not to mention all the transaction fees eat into your sweet profits. There are of course provably fair crypto casinos, but they’re still custodial, and are in fact inherently centralized. While they are provably fair, some players may have an issue with the centralized nature, even though the gaming experience is much better. We’re introducing a live wallet contract that allow us to link with our own provably fair games and even 3rd party slots, while adding additional transparency. All provably fair games we develop will have a decentralized option to allow players to play directly from their wallets (such as metamask etc). Crypto casinos tend to be a bit sequestered from Defi and other Dapps, which I find annoying. Instead what we’re doing is taking the casino concept as a use case and integrating with defi protocols. For instance, an auto-compounding single asset staking pool that earns APY and House profits? Yes please. Who doesn’t want auto-compounding casino profits? How sexy does that sound? I tend to ramble so I’ll summarize. We want to give players the option to choose a decentralized style of game play that is completely in their control, or a slightly more streamlined style of game play that's as transparent as possible. All while taking advantage of the amazing financial products Defi has to offer. I really think we’re carving out a new niche in gaming and defi.We are a Defi platform launching casino games as our first use case.By adding provably fair, centralized, and decentralized games we're adding something for everyone.

Crypto Library Team : Could you give us some reason Why we have to choose BitCrush than other projects out there?

Master Blaster (BitCrush Arcade) :  One of the cool things that we’re doing is taking all of our own games, and providing both a provably fair AND a decentralized version. Keep in mind this does only apply to our own games, not 3rd party slots for instance. But take our first game Dice Invaders. Dice Invaders is a unique take on the traditional Dice game. You can see some gameplay in these links here:  

We built and launched Dice Invaders over the last year as a Bitcoin based crypto game, but always planned to move decentralized. We beta tested for months and players rolled played over a quarter of a million bets before we decided we were ready. What we decided is that it would be great if players had the option, to play provably fair, which is very fast and cheap, or have the option to play decentralized, which is slower and more expensive, but fully transparent. Yes we understand that true randomness doesn’t exist on blockchain and therefore decentralized games are still not truly decentralized, but this is something we are also working on. There are also solutions like Chainlink VFR we are contemplating, but are working toward trying to introduce something unique. Regardless, all games we develop will introduce a provably fair, and decentralized version to give players as many options as possible. Besides Dice Invaders, we already have another 3 games planned, and a new game provider partner we are announcing in the next hour on our Telegram. We’re a small but passionate team from around the globe, ranging from Asia to Europe to S. America, and we’re growing in numbers every day. Most of us including myself have been in the crypto space since well before the 2017 bull run. In that time we’re seen a lot of good and bad come and go. I really love the Defi space and what it’s doing at the moment. Even watching something silly like Doge moon is in the long term great for the greater blockchain adoption I think. So many people I know now understand Eth and smart contracts and they found it because of Doge haha. The thing I love most about Defi is allowing people the freedom to invest in their futures the way they want to. It’s empowering and I love that. In addition to the blockchain side, we also have over a decade of experience in the online casino industry. This is one of the reasons we’re very excited. While you would imagine the online casino industry to be very tech forward, its actually uses a lot of oldschool legacy technology. There’s a ton of room for innovation and growth, and that's where we come in. Honestly, I love Defi. We truly believe in our core that people should have control over their finances and be able to invest as they please. There is no term more indictive of class warfare, than the term “accredited investor”. We’re really excited and have some big plans down the road about not only fully decentralizing the casino industry on distributed servers, but also democratizing the industry by allowing anyone, even without a budget, to launch their own casino. This is still very theoretical and so I won’t go into it much, but we see a lot of what we’re doing now as ground work for a much bigger movement down the road. Short term we’re really excited about just exploring how other casino ideas can be integrated with defi in fun ways. It’s really exciting.

Crypto Library Team : Please tell us about $CRUSH token! What are the token use-case, distribution, and where we can buy it?

Master Blaster (BitCrush Arcade) : $CRUSH Coins (yes we know they’re tokens and not coins, but Crush Coin sounds cooler haha) has a 30M token total supply, of which 900k will be sold at IDO. 20M of those will be allocated to staking pools and wager mining. Almost everything else will be locked, vested, added to bankroll, etc. The entire system runs on $CRUSH. One of the things I like about our platform is how everything really benefits and strengthens the Crush coin. Playing, staking, earning, rewards will all be in Crush coins. Many of the products we’re introducing will be deflationary. 1% of house profit burned daily. 12% of house profit added to bankroll daily, which doesn't destroy but will increasingly become locked in the bankroll contracts. The idea is that as time goes on the Crush coins will become more of a share token, and be used to the rewards of other token wagering pools. For example when we add BNB to the wagering pool, players will be able to play and win BNB. However the profits the house receives in BNB will be used to purchase Crush coins on the open market before distributing to the staking pools. This creates daily upward pressure on the price. At some point as the Crush supply lowers, we will introduce some other Crush “Chips” to address mid – lower wagering players. But the profits will still go to the Crush Coin staking pools. Protocols we're introducing such as our “Black Hodle Referral program support this as well. It’s been said that referrals and affiliates are responsible for up to 50% of all casino profits, so it’s something important that can’t be overlooked. As with many crypto games, the wager referrals and a popular solution as it makes sense with blockchains. Basically a % of every wager, win or lose, goes to the referrer. It’s generally around .1% of the wager amount, but it can be less or higher. We are still developing out system, but we're working on a deflationary version we’re calling our “Black Hodle Referral” system. It’s still in development so I won’t go into too many details, but the idea is this. Bonus systems reward the referrer only, but not necessarily the ecosystem. In fact, the bonus payments are actually taken from the house bankroll and become a debit for the system. But, what we’re doing is introducing a program that benefits the whole system. In this case, a % of every referred player loss (house gain) would be burned causing non-stop deflationary pressure on Crush coins, and the referrer would be entered into some sort of lottery where they (or maybe even everyone) can win and bigger percentage. Again, we’re still developing this so I won’t go into it more, but we are taking chances to reward our holders.

Crypto Library Team : Please share some information about your roadmap, your recent progress, and your future plans?

Master Blaster (BitCrush Arcade) : Absolutely. As mentioned we have our game Dice Invaders which has gone through extensive beta testing. We’re in the process of doing some optimizations, as well as live wallet development and integration with games and bankroll. This is anticipated to be live soon, followed up by the decentralized version of Dice Invaders. We are also beginning integration process next week of our 3rd party slot provider partner Dragon Gaming, which we just officially announced an hour ago. From there we have 3 more games scheduled to begin development late June, as well as additional verticals like sportsbook and more later in the year. Additionally we have other defi integrations we’re working on, such as our Black Hodle rewards “Crush ‘n Burn Lottery, new wager pools and platform tokens, and more. We will also be announcing another Defi partnership over the next two days so look for that as well. We’re launching Dice Invaders (provably fair) shortly, which will be followed up by the decentralized version. Also in that time we are integrating with our 3rd slot provider partner, starting with 5-6 games, and then expanding to potentially their full catalog. Next I have 2 different types of crash games planned (one is completely unique), both provably fair and decentralized, and I’m already working on Dice Invaders 2. We have a Crush ‘n Burn lottery we’re working on, and then other verticals down the road. Not to mention layer 2 scaling so yeah. We’re about to be very busy and having a ton of fun!
SECOND SEGMENT (TWITTER)
Crypto Library Team : What has been the biggest challenge to date in developing BSClaunchorg how have you overcome it?

Master Blaster (BitCrush Arcade) : Everything we do really supports the $CRUSH token. Im going to reitterate some points I made above becuase it'll be faster than typing, But then ill ellaborate. One of the things I like about our platform is how everything really benefits and strengthens the Crush coin. Playing, staking, earning, rewards will all be in Crush coins. Many of the products we’re introducing will be deflationary. 1% of house profit burned daily. 12% of house profit added to bankroll daily, which doesn't destroy but will increasingly become locked in the bankroll contracts. The idea is that as time goes on the Crush coins will become more of a share token, and be used to the rewards of other token wagering pools. Daily burning of house profits, daily banrkoll lockups, and protocols like our Crush 'n Burn lottery, and "Black Hodle" referral system all drive scarcity. As we continue to become mroe scare the $CRUSH coin will act as a share token, providing benefeits from every other token addded. Yeah definitely. In a past life I was involved in a fashion brand so we plan on combine some of the best fashion in defi with nfts haha. But this is a bit further down the road so no timeline mention at the moment. Once we establish our initial use case with casino and integrating defi protocols and casino profits, then we will expand our defi offerings

Crypto Library Team : The platform promises a lot B-Insurance, B-Farm, B-Tool, B-Swap, B-NFT - but how can you convince investors that this idea will actually pay off? How do you guarantee that you won't over-promise but get less?
 
Master Blaster (BitCrush Arcade) : Yeah I think a couple things set us apart a bit. One is that that we are a Defi platform launching casino games as our first use case, not a crypto casino integrating BSC payments.What that means is it allows us to be more creative and transparent. Also by offering a provably fair, centralized, and decentralzied games, we are offering somehting for everyone based on their prefrerences. Some people prefer optomized game play and want to test their strategy at 10 games per second. Others want maximum transparency. What we're doing is combing those and offering both. Its difficult to be transparent with centralized games, but we're doing everythign we can to accomodate the same levels of transparancy people expect in defi. As tech progresses, so will transparency and decentralzition. Our ultimate goal is to not only fully decentralize the igaming space, but democratize it fully as well. The tech isnt quite there yet but it's coming. As far as benfits for long term holders. Theres quite a few. We believe that gaming platforms like ours are a great aleternative to utilize in the case of a bear market. You can read more in this article:
Additionally as we create more tokens, add more games and verticles, and introduce more deflationary products, the more scarce CRUSH will be come, and the more profits will be paid its stakersWho doesn't want auto-compounded casino profits in a single asset staking pool.

THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : On your website it says that users can "Earn tokens just for playing", but do I get any benefits if I decide to invite friends to your platform? Which ones?

Master Blaster (BitCrush Arcade) : Ok, so let me start by saying, yes will be offering both wager mining and rewards. Wager mining for those who don't know means you will earn Crush just for playing games. And then you can stake, play, or swap those tokens. As far as referrals. It’s been said that referrals and affiliates are responsible for up to 50% of all casino profits, so it’s something important that can’t be overlooked. As with many crypto games, the wager referrals and a popular solution as it makes sense with blockchains. Basically a % of every wager, win or lose, goes to the referrer. It’s generally around .1% of the wager amount, but it can be less or higher. We are still developing out system, but we're working on a deflationary version we’re calling our “Black Hodle Referral” system. It’s still in development so I won’t go into too many details, but the idea is this. Bonus systems reward the referrer only, but not necessarily the ecosystem. In fact, the bonus payments are actually taken from the house bankroll and become a debit for the system. But, what we’re doing is introducing a program that benefits the whole system. In this case, a % of every referred player loss (house gain) would be burned causing non-stop deflationary pressure on Crush coins, and the referrer would be entered into some sort of lottery where they (or maybe even everyone) can win and bigger percentage. Again, we’re still developing this so I won’t go into it more, but we are taking chances to reward our holders.
 
Crypto Library Team : Cooperation and partnership is one of the most important issues to help develop a project. Can you tell us about your existing partnerships, the partnership plans, and what people can gain from these partnerships?

Master Blaster (BitCrush Arcade) :
Yeah so we have a partnership with the Astronaut Platform which is launching our IDO, as well as an announcent coming over the next few days between us and a major defi platform so stay tuned for that. We also just announced our first game partner, Dragon Gaming. Partnerships are a kep component of business, defi and otherwise. They allow you to grow your product more fully by allowing you to focus on your core competnecy. We're everything becuase of our partnerships, and are currently working on some others we cant go into. But yeah we couldnt be happier with the way things are going on that front

Crypto Library Team : Which one of these aspects important for you?
  • Increasing Token Price&Value 
  • Empowering Platform Development 
  • Building Community Trust
  • Expanding Partnership Globally
Master Blaster (BitCrush Arcade) : I'll take each of these individually
  1. It's important becuase it builds loyalty and is (market conditons aside) a clear indiciator of permormance. While the product is important, lets be honest, people will move on if price is ignored. I hoenstly belive that in the bear market (not saying awe are or are not in one currently) many yeild farms with no other use case will fail. Which is why we decide to launch with a use case, and use that use case to support the price and the yeild farsm.
  2. Building Community Trustthis one is huge. In defi you are guilty until proven innocent. As it should be. We are very up front in our stance and how we view trhe space. You can read it in the last page of our Whitepaper.
Crypto Library Team : Reading your project, we not only offer APY bets, but we share the profits with betting groups, so the bets make me lend my bet tokens to the Bankroll, could you explain how this benefits my liquidity and the liquidity of the project directly?
 
Master Blaster (BitCrush Arcade) : So the house bankroll is a reserve that pay players when they win. Its important for every casino. We will be having essentialy 2 layers of bankroll. The house bankroll, and the player staked bankroll. A bankroll is important to grow as it allows the casino to scale, take on more players, and let them place bigger betsWe will be adding 250K Crush to the bankroll immeditely, plus 12% of daily profits will get locked in our bankroll contract every day to help grow (this also adds scarcity). On the player side, we are intorducing a dual single asset staking pool, that allows you to farm apy, and share in 60% of the house profits, and auto-compound them, from the same pool. While it is slightly more risky, as players will win, the house bankroll will always be used first. Meaning if a player wins, it will come from the house side. Should the house side be depleted, only then will the player bankroll be touched. Due to the nature of statistics with house edge, it is very rare that the bankroll will stay negative for an extended amount of time. However in that event, the players will still earn APY on their full amount so its a win winIts quite a unique system we're introducing with this.

Crypto Library Team : As project play also give some funds for charity purposes. How we can know that funds are using for charity? Will you give proofs?
 
Master Blaster (BitCrush Arcade) :This is something that's very important to us, and one we discuss often, but have not landed on yet. It's such a tricky time right now and we absolutly want to give back. Perhaps we can leave the specific charity to governance at some point. But yes this absolutly has to happen for us. We need to take care of each other as a species and its somehting we will definitely do!
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